[Resolved]  Indian Overseas Bank — Delay in credit of interest and failure to pay delayed interest

Address:

Mumbai City, Maharashtra

RBI Bonds BLA No. #IOBBLATB000160 held with IOB - Mahim, Mumbai matured on 5 September 2012. Advise one month before maturity of the bond not served upon me. The proceeds due are credited on 20 September 2014, without any interest accrued over the last two years. According to RBI circular, IOB is liable to compensate with an interest of 8% per annum for delay in repayment of RBI Bonds. Complaint filed with the Branch Manager, Regional Head and also copy of the same forwarded to the Central office. No action or communication initiated from any authority till date. Kindly take some action, at the earliest.